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obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and suddenly they get outraged apt are. and so they are back, they are going back to where grover norquist wants them to be because they are outraged because they feel they have been insulted is, that this is not a negotiation t a war. i think what had yesterday from the administration was a bit of negotiation incompetence because they pushed us, the psychological process the republicans were going through, which they have to go through has to be has been pushed way back. >> where do you think we are. >> i'm not quite clear as dire in my assessment as david. first of all, david is absolut
obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and...
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Dec 1, 2012
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said he won this election on, which is having wealthier americans pay higher tax rates. they want to talk about entitlements and this and that, but the tax rates on the rich are more about just this policy debate. there's sort of this philosophical thing of i won the election, and obama -- i don't see any scenario by which he's going to back down. >> one of the things he did which i found interesting, which seems an unnecessary poke in the eye was to say, you know what, as part of this deal i think we should not have congress anymore have to approve raising the debt limit. that was certainly -- >> well, when you go into a negotiation you don't come in with your compromise to start. you kind of have to start at 10 to get -- and it never worked for him before. but the offer from mitch mcconnell, the minority leader, said he laughed at timothy geithner when he presented this offer. but you have to sort of start from your negotiating ground to get to the middle. i will say that it was rejected out of hand on capitol hill, so it's not necessarily a good start. and i would say
said he won this election on, which is having wealthier americans pay higher tax rates. they want to talk about entitlements and this and that, but the tax rates on the rich are more about just this policy debate. there's sort of this philosophical thing of i won the election, and obama -- i don't see any scenario by which he's going to back down. >> one of the things he did which i found interesting, which seems an unnecessary poke in the eye was to say, you know what, as part of this...
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Nov 30, 2012
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president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list for washington. so you should keep your eye on who gets come kinects this year. there are going to be some members of congress who get them and some who don't. >> what sort of plan do you give the republican who won't agree with anything? this one, of course. the president is asking for a $1.6 trillion tax increase, $50 billion in economic stimulus, and the power to raise the debt limit without congressional approval. meanwhile, he will work the fine savings in entitlements. not to the man sitting on the naughty list. senator mcconnell said that he burst into laughter at the proposal. you know what is
president obama has thrown down the gauntlet on taxes and while the gop is stomping its feet at making the wealthy to pay a bit more, he's making his pitch to the people. at a toy factory today, he warned them to play nice. >> joe biden was in costco. he wanted to buy some of this stuff. but i told him he had too much work to dochl i wasn. i told him he wasn't going to build roller coasters all day long. of course, santa delivers everywhere. i've been keeping my own naughty and nice list...
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. >>> coming up, new signs president obama's winning the tax fight. news today could strengthen his hand against speaker boehner. >>> plus, karl rove hasn't learned a thing is since its infamous air meltdown. why is he questioning polls again? >>> and a very special guest is here with me tonight. we have a gold medal winner onset. gabby douglas live in the studio. her story of sacrifice inspired a country. you're watching "politicsnation" on msnbc. initiated. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. today our fans were buzzing over the newly released photo of the president on the phone with mitt romney as he conceded to him on election night. he have len says, the president was probably so glad it was over so that he could get back to working for our country. david says, he must have be
. >>> coming up, new signs president obama's winning the tax fight. news today could strengthen his hand against speaker boehner. >>> plus, karl rove hasn't learned a thing is since its infamous air meltdown. why is he questioning polls again? >>> and a very special guest is here with me tonight. we have a gold medal winner onset. gabby douglas live in the studio. her story of sacrifice inspired a country. you're watching "politicsnation" on msnbc....
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Nov 29, 2012
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the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we would pursue our own interests. i'm not -- i'm certainly not insisting, i don't even desire higher rates. i think there lab drag if revenue goes up and rates go up. but i think there will also be a drag on the american economy if our budget deficit widens out fo
the one thing we do know, your taxes are going up from an obama care tax attack. no matter what happens on the fiscal cliff. and is another bailout nation on the way? student loans up to $1 trillion, huge delinquency rates, default rates going sky high, no credit standards and sky high tuition. sound likes a real bad story to me. ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank...
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they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be ashamed of that lack of intellectual honesty, should be. >> it's fascinating economic dri that costco is borrowing the money to pay this dividend. now, usually when companies pay dividends, it's out of earnings, right? >> yes, retained earnings, in this case, they're borrowing, taking on more debt, not to invest in the business in the future growth, but for a one-time equity pay out. >> and to worry about interest rates are low thanks to ben bernanke. >>, but this shows the tax rates combined with very low bore heing costs and instead of investing in growth, you're investing in tax avoidance. >> and russell long said, i've come to the conclusion if you're going to have capitalism, you're going to need capital. >> goes to the heart of this, right? >> pure genius, except what's happening here is that capital could be invested in productive businesses or used next year is being pulled out of 2013, into 2012 so it can be realized as
they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that and you think a normal human being with, you know, would be ashamed of that lack of intellectual honesty, should be. >> it's fascinating economic dri that costco is borrowing the money to pay this dividend. now, usually when companies pay dividends, it's out of earnings, right? >> yes, retained earnings, in this case, they're borrowing, taking on more debt, not to invest in the...
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obama argued that if congress can't get a deal, taxes will rise about $2,000 average for a family. of coal you get for christmas, that is a scrooje christmas. >> let's not kid ourselves. >> reporter: house speaker john boehner balked. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in the past, he drew a hard line, including $1.6 trillion in revenues, $600 billion in additional spending cuts, about half in medicare, and at least $50 billion infrastructure spending. >> we don't want to increase tax rates, we're not going to increase tax rates. and we want to do something about the spending problem. >> reporter: aides say senate minority leader mcconnell laughed after tim geithner showed him the offer thursday. today, confl republican goals remain the same, they say, serious entitlement reform, including higher premiums for the wealthy, and increases in the eligibility wage, with the clock ticking
obama argued that if congress can't get a deal, taxes will rise about $2,000 average for a family. of coal you get for christmas, that is a scrooje christmas. >> let's not kid ourselves. >> reporter: house speaker john boehner balked. >> increasing tax rates draws money away from the economy that needs to be invested in the economy to put people back to work. it is the wrong approach. >> reporter: bolder by his re-election, and criticized for being soft on republicans in...
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obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, ice not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets about that and bain ser trying to offer the same exact policies that mitt romney ran and lost on, that the republicans tried to negotiate with the white house. it is incredible. and the only way i can explain this, the only way
obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true....
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
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. >> sreenivasan: washington went into the weekend, still stalemated over how to avoid automatic tax hikes and spending cuts, come january. house speaker john boehner did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> sreenivasan: the president has insisted there will be no deal unless republicans agree to raise tax rates on the top 2%. republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach a
. >> sreenivasan: washington went into the weekend, still stalemated over how to avoid automatic tax hikes and spending cuts, come january. house speaker john boehner did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since...
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president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we'r
president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of...
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taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months with a recording of a phone conversation he had with then-president richard nixon. you can listen to it on the rundown. and on the business desk, we answer the most frequently asked question from our "ask the headhunter" series: how do you get noticed by your dream employer? all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on wednesday, we'll examine how rising carbon dioxide levels are affecting florida's coral reefs. i'm gwen ifill. >> woodruff: and i'm judy woodruff. we'll se
taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months...
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. >> obama: if congress does nothing every family in member will see their taxes automatically go up at the beginning of next year. >> stephanie: so what is your guess? >> you say that like it's a bad thing. >> stephanie: what is your guess on how this is going to play out and when. >> i think republicans are going to blink. i think they have to. but i was talking to the other somebody the other day and they said do you think the president should be campaigning around the country? it's about time. he should be out there on the stump just like the campaign, and that's when he's at his best, and that's when the republicans are on the ropes. >> stephanie: it's a different reality now. despite what they have to say they always have something to to say that is the same thing. are you okay? you're giving me that look. >> i got a late start on the stream because i was running around looking for headphones. >> stephanie: here is the president again. >> obama: again i'm asking congress to listen to people who sent us here to serve. i'm asking americans all across the country to make your voic
. >> obama: if congress does nothing every family in member will see their taxes automatically go up at the beginning of next year. >> stephanie: so what is your guess? >> you say that like it's a bad thing. >> stephanie: what is your guess on how this is going to play out and when. >> i think republicans are going to blink. i think they have to. but i was talking to the other somebody the other day and they said do you think the president should be campaigning...
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. >> california, they just voted 13.3% state tax on top of the obama 40% tax. >> why do you think people are leaving? why would you stay there? >> you wouldn't. >> good to see you. the five is doing great. won greatlation toss both of you. coming up, liberals deny there are any eye vent extremists on theiren of the video spectrum but anarchists are now calling for violence on american soil. and is john boehner retaliating against his own tea party members? we have two congressmen who stood by the tea party principles and they now find themselves stripped of key positions. we will tell you what they are going through inside the going through inside the spspspspspspsp having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is n
. >> california, they just voted 13.3% state tax on top of the obama 40% tax. >> why do you think people are leaving? why would you stay there? >> you wouldn't. >> good to see you. the five is doing great. won greatlation toss both of you. coming up, liberals deny there are any eye vent extremists on theiren of the video spectrum but anarchists are now calling for violence on american soil. and is john boehner retaliating against his own tea party members? we have two...
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more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: you know, senator, a pleasure knowing you, i always gauge viewer interest in a particular personalty, or senator or congressman from number of e-mails i get, it is not a quid pro quo but this is a good barometer, i get a ton you on every time, whether, fox news or fox business, that leads me to believe, a lot of folks really like you, it can't just be your family e-mailing me, which makes me think there is a presidential candidate in the making, what do you say? >> i told ed folder of heritage foundation 4 years okay when people told me to run for president is only president i want to be is president of heritage foundation, this is the group that can turn our country. neil: you would rather be president of the he heritage foundation than president of u.s. >> i don't think you will see a conservative as president
more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: you know, senator, a pleasure knowing you, i always gauge viewer interest in a particular personalty, or senator or congressman from number of e-mails i get, it is not a quid pro quo but this is a good barometer, i get a ton...
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and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing
and let's give tax cuts to the middle class. what is he talking about? this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the...
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rates are going to automatically increase, which means any lower tax rates president obama will ask for is tax cuts and not an argument you are raising taxes on someone. for all those reasons, the democrats have a lot of leverage in january but that does not mean the democrats should wait till january, what happens after december 31st is everybody can lose. the kind of pressure we have psychologically and politically right now to get a deal done before we hit 2013, that kind of pressure and deadline pressure and momentum you're not going to have after you're over the fiscal cliff. so every day that goes by after january 1st isn't going to look like that big of a deal and essentially, time will run out for both parties, you will have a lot of problems in 2013, they will take the lion's share away from fiscal dealmaking, senate confirmation, have the debt ceiling, the long-delayed nuclear negotiableses with iran, going to have posturing for the 2014 campaigns. all of those things are going to suck out the moment up that we have right now. so, yes, democrats are not as bad off as the r
rates are going to automatically increase, which means any lower tax rates president obama will ask for is tax cuts and not an argument you are raising taxes on someone. for all those reasons, the democrats have a lot of leverage in january but that does not mean the democrats should wait till january, what happens after december 31st is everybody can lose. the kind of pressure we have psychologically and politically right now to get a deal done before we hit 2013, that kind of pressure and...
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congressman tom cole of oklahoma signaled republicans should accept president obama's tax offer. earlier today the president made note of it. let's listen. >> i'm glad to see, if you've been reading the papers lately, that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so, if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> congressman, thank you for joining us tonight. give us your thinking about why it's important, i know politically it makes sense to many people, middle class, people making up to $250,000 a year, get the tax cut continued but people above are basically decoupled from that much larger group of people. >> well, chris, i don't think taxes ought to go up for anybody. i think it's bad economic policy. it will eventually cost us jobs and eventually slow the economy. that's going to cost us revenue as well. i don't agree with the president on that point. frankly, i think he needs to be a lot more specific about putting spending cuts an
congressman tom cole of oklahoma signaled republicans should accept president obama's tax offer. earlier today the president made note of it. let's listen. >> i'm glad to see, if you've been reading the papers lately, that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so, if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> congressman, thank you for...
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tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there when it comes to talking about entitlements, or earned benefits as progressives like to refer to it, what is the way that the president and those on the left can look and also appear to the right to be willing to compromise? what can they put on the table, if anything? >> well, i just don't think that any of us think that it is a reasonable idea to over the course of the next week and a half, over the course of the holiday season, for the president and this congress, which is a lame duck congress, to engage in major entitlement reforms of programs that have helped to lift millions of americans ou
tax cuts, and sort of dare the republican party not to vote for, you know, a new round of obama tax cuts. politically the president holds those but it's more important than that. the american people, after looking at options presented to them reclearly with a return of president obama to the white house, or initiating mitt romney presidency, chose a return of president obama to the white house and therefore gave him a very clear mandate to hold the line on the question of entitlements there...
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john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but another way to help control health care spending is earmarked a value-added tax toward revenue which would have much was spent, how much people have to pay in taxes, it would eliminate their regressivity of that, and it would, using a pun, inoculate the deficit from uncertainty about health-care reform. health care reform will take a long time. it is more complicated than tax reform. we have had one major tax reform in the last 50 years, thanks to senator packwood and others. health-care reform is going to take a long time. we cannot wait to
john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but...
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president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses that are equally frustrated that washington can't get it together. >> any company, any business did the method of accounting like the government, we would be in jail. >> you sound like you have had it. >> i have. here is the reservations. staffed 24 hours a day. >> reporter: he started the business back in 1984. today, he's got a staff of 75. 53 cars and one big question. >> i just want congress to tell me to come up with what the boundaries are so i know -- i know how to run my business, i know how to plan. >> reporter: he's laid off four employees in the last six
president obama is calling for $1.6 trillion in tax spikes. john boehner is telling him to get serious. >> with 32 days left, the two parties are trading insults with 90% of americans facing higher taxes next year. small business owners want answers. poppy harlow is talking to them. they are very nervous about this. >> very nervous and frustrated. they have no idea what is ahead. that uncertainty is the hard part. we went to new jersey to talk to owners of very different businesses...
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Dec 1, 2012
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the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families. that's already passed the senate. your members of congress, like allyson and chaka, other democrats in the house, they're ready to go, they're ready to vote on that same thing. if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk, and i am ready, i have got a bunch of pens ready to sign this bill. >> 30 minutes after the president was finished, house speaker john boehner held a press conference, and he left unanswered the president's call for decoupling that 98% from the richest 2%, and he gave a pessimistic assessment of the si
the taxes will go up for the top 2%. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. all right? that doesn't make sense. the senate has already passed a bill to keep income taxes from going up on middle class families....
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Dec 6, 2012
12/12
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adelson stands to pay a whole, whole lot more in taxes now that mr. obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony for the nevada state ethics commission, future democratic congresswoman and unsuccessful candidate shelly berkeley said adelson had told her, "old democrats were with the union and he wanted to break the back of the union, subsequently he had to break the back of the democrats." that fight, the war with labor changed sheldon adelson from being just another social liberal on the sidelines of politics to sheldon adelson, contributor on an historic scale to republicans who do not share his social values and this goes to a fundamental truth about the republican party. which is that the republi
adelson stands to pay a whole, whole lot more in taxes now that mr. obama has won a second term. and mr. adelson says he intends to double his spending on conservative causes with a particular focus on anti-union measures in the states. labor unions played a big part in mr. adelson's conversion to democrat to republican kingmaker. he fought with members picketing outside his hotel in las vegas. he tried to fight them in court, until find the supreme court declined to take his case. in testimony...
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Dec 1, 2012
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president obama took his case on the road today. he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> john baner says negotiations are going as he put it almost nowhere. without an agreement. hundreds of billions of dollars in tax increases take effect in january. >> if the fiscal cliff wasn't enough there's another problem that threatens to suck billions of dollars out of the economy. the california labor dispute that may need a nudge from the president. >> great news for anybody with about 26.2 miles of outdoor activity planned for the weekend. the weather may get worse. >> we have a lot mor
president obama took his case on the road today. he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put...
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Dec 5, 2012
12/12
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, and it was very clear on obama wanted tax raised for the highest income americans. didn't the american people make that choice in voting for him, the electoral college and the popular vote? so isn't it incumbent on republicans to at least accept some upper income tax raise there? >> i think that the american public voted for the status quo. they voted for the gridlock that they had before the election. i think it's a little foolish of the american people to think they are going to get something different based on what they voted for. >> you think they want the status quo? >> people are locked in in the house, largely for redistricting. well, they voted for it. whether they wanted it or not, to think these people are going to change long-held habits based on one election, i think is a little bit silly. we're going to have gridlock in washington and frankly, i think gridlock is a good thing, not a bad thing. it keeps congress from taking away more liberties. >> the other thing, anderson, is that when you look at the members of congress, overwhelmingly, they were re-el
, and it was very clear on obama wanted tax raised for the highest income americans. didn't the american people make that choice in voting for him, the electoral college and the popular vote? so isn't it incumbent on republicans to at least accept some upper income tax raise there? >> i think that the american public voted for the status quo. they voted for the gridlock that they had before the election. i think it's a little foolish of the american people to think they are going to get...
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Dec 1, 2012
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president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they manufacture almost 3000 pieces every minute. every box that ends up on store she
president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so...
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Dec 3, 2012
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. >> president obama accusing republicans ever being willing to raise taxes on 98% of americans, while speaker boehner said it's the president when is unwilling to compromise. it's time now for our sunday group. bill crystal of the weekly standard. marcha liason and ed rollins and former democratic senator that you heard. >> each of them are saying they are being reasonable and it's the other side's fault. you have been through your share of washington negotiations. what strikes you about what you heard today? >> i think they both made their case well but i think geithner is in a stronger position in this respect. the president is the president. he can maneuver, he can say my $1.6 trillion and he can say $1.2 trillion. speaker boehner has 135 members. they don't hop to it when he decides to move. he's in a tougher position structurally. in these show downs the white house usually wins and the main reason they win is it's a unitary executive. and congress is in a weaker position. >> all right. >> what happened this week is interesting. both sides are putting out their maximalist positio
. >> president obama accusing republicans ever being willing to raise taxes on 98% of americans, while speaker boehner said it's the president when is unwilling to compromise. it's time now for our sunday group. bill crystal of the weekly standard. marcha liason and ed rollins and former democratic senator that you heard. >> each of them are saying they are being reasonable and it's the other side's fault. you have been through your share of washington negotiations. what strikes you...
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Dec 4, 2012
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obama said i wanted it extended for 2012. republicans at first said no, and boehner had to say no with them. when the deadline came last christmas, around last christmas republicans started to panic but polls showed people would blame them. all of a sudden those voices said let's not have this fight now. >> he's banking on that happening. >> that has to happen again. >> i spent some time working the phones today, because it's interesting to see both sides and by both sides i mean these guys. and then gop establishment guys sort of explain what's going on here today. from the perspective of these so-called dissidents as roll call is calling them. >> that's roll call. from their perspective they're punished for being too conservative. as you pointed out, steve, they're being punished in their minds for going too far to the right of people like speaker boehner. i talked to tim hul's camp, one of the congressman removed from two questicommittees. he said, look, this is something that establishment republicans do. how often do you
obama said i wanted it extended for 2012. republicans at first said no, and boehner had to say no with them. when the deadline came last christmas, around last christmas republicans started to panic but polls showed people would blame them. all of a sudden those voices said let's not have this fight now. >> he's banking on that happening. >> that has to happen again. >> i spent some time working the phones today, because it's interesting to see both sides and by both sides i...
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Nov 30, 2012
11/12
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that's what obama was debating. he said above 250 he stuck with that. the republicans said no, and that was a clear and defining statement in this campaign. >> if you feel they should pay taxes on $250,000, then you vote for me. if you don't then the vote for the republicans. >> there it is. >> i want to see how that translates into negotiations over the so-called fiscal cliff. but senator first the other issue that has come front and center, one that you've been spearheading for a long time, and you and i have talked about now senate president harry reid has to be on the agenda is filibuster reform. is it going to happen, and how do you think it's going to shape up? >> well, bill, i hope it happens. i hope we clearly see because of this dinosaur that we have. it's an old dinosaur hung around our next called the filibuster. not in the constitution. it's never really been in the senate. it's something of recent vintage. it really started back when the southern democrats wanted to stop civil rights, and the filibuster sprung up and it was used for that pu
that's what obama was debating. he said above 250 he stuck with that. the republicans said no, and that was a clear and defining statement in this campaign. >> if you feel they should pay taxes on $250,000, then you vote for me. if you don't then the vote for the republicans. >> there it is. >> i want to see how that translates into negotiations over the so-called fiscal cliff. but senator first the other issue that has come front and center, one that you've been spearheading...
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Dec 7, 2012
12/12
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president obama under duress and starting in 2009 that create add boom in financial assets, but didn't produce many jobs. those are just anecdotal situations, but you can see there have been studies done including most recent one, which was suppressed by the republicans. >> eliot: the republicans suppressing the story that actually shows the data contrary. >> so there's no evidence for their contention, ok, that a., tax cuts to get the wealthy create jobs or b., taxing the wealthy would somehow hurt economic growth. >> eliot: it is no longer a surprise to us that the republican leadership reject it is either science are an littics when it is contrary to an idealogy they very much want to embrace. have you tried to engage with the leadership of the republican party to say if you're an litically correct i support you but you're not let's follow the empirical data. >> we met with some people on the hill in washington, democrats and the principles in both the house and the senate. when it came to the republicans the principles would not meet. they sent their lackeys underlings, their staff
president obama under duress and starting in 2009 that create add boom in financial assets, but didn't produce many jobs. those are just anecdotal situations, but you can see there have been studies done including most recent one, which was suppressed by the republicans. >> eliot: the republicans suppressing the story that actually shows the data contrary. >> so there's no evidence for their contention, ok, that a., tax cuts to get the wealthy create jobs or b., taxing the wealthy...
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Nov 29, 2012
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has managed to do it president obama's proposed tax increase on the wealthiest 2% of americans would affect 4 million households. they're predominately in areas like south florida major cities like new york, francisco and los angeles, all traditionally democratic enclaves. those who are won't pay the taxes oppose them, and those who will support it. here with me, robert reich at u uc berkeley's goldman school of policies. is this politics that goes back to what is the matter with kansas book a few years back. they would really not be affected by the tax increase that they want us to go through. >> it is one of the great ironies. it has to do with the big lie. if you tell the big lie over and over again people start believing it. and one of the lies that republicans have been telling for year is the lie of trickle down economics. the wealthy are job creators. if you tax them you'll have fewer jobs, fewer--less income over all. it's obviously a lie. it has proven to be a lie. if you tell it again over and over again at least enough people begin believing it in red states. people who ar
has managed to do it president obama's proposed tax increase on the wealthiest 2% of americans would affect 4 million households. they're predominately in areas like south florida major cities like new york, francisco and los angeles, all traditionally democratic enclaves. those who are won't pay the taxes oppose them, and those who will support it. here with me, robert reich at u uc berkeley's goldman school of policies. is this politics that goes back to what is the matter with kansas book a...
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Dec 6, 2012
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for the top 2%. >> so are you saying then for pr purposes, that they should give into obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> i'm sorry, that was not one of the top conservative minds. that was ann coulter, but you have to and it to her. she's onto something there. a new quinnipiac poll shows 65% of americans support higher taxes on incomes over $250,000. the same survey showing the president's approval rating at a three-year high, 53%. the highest level since the body of osama bin laden was dumped in the north arabian sea. perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the republican side. with the surprise news today that senator j
for the top 2%. >> so are you saying then for pr purposes, that they should give into obama on the tax rate? >> not exactly. well, yeah, i guess i am. >> i'm sorry, that was not one of the top conservative minds. that was ann coulter, but you have to and it to her. she's onto something there. a new quinnipiac poll shows 65% of americans support higher taxes on incomes over $250,000. the same survey showing the president's approval rating at a three-year high, 53%. the highest...
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Dec 5, 2012
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he has a trillion -- there's $1 trillion of tax increases baked into the cake because of obama's 20 taxes in obamacare. 90% of those tax increases that obama put into obamacare were conveniently put in to take effect after he got re-elected to the presidency. so there a massive tidal wave of obama tax increases coming at the american people, starting in january. has nothing to do with the fiscal cliff. but it has everything to do with obamacare. >> now, it is true that a lot of those taxes did take place after the election. that's something we pointed out and is a fair point. but let me just ask you about the compromise we have to go to. because like i said, again, to get this done, taxes are -- i mean, they're going to go up on somebody. i just believe that this is what is going to happen. i think tom cole thinks it's going to happen. i think tom coburn thinks it's going to happen. i wanted to play a bite from him and get your reaction. here he is. >> sure. >> i'm okay to compromise even on some of my issues, if, in fact, we'll solve the problem. but what we have is a game being played f
he has a trillion -- there's $1 trillion of tax increases baked into the cake because of obama's 20 taxes in obamacare. 90% of those tax increases that obama put into obamacare were conveniently put in to take effect after he got re-elected to the presidency. so there a massive tidal wave of obama tax increases coming at the american people, starting in january. has nothing to do with the fiscal cliff. but it has everything to do with obamacare. >> now, it is true that a lot of those...
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Dec 1, 2012
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cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a lot of people excited about it, and people want to go and check it out. when you look at the way costco treats its workers that's where the real story is, right? especially when you care costco to walmart. first let me tell you warehouse workers in southern california have petitioned to include wal-mart as a defendant in a lawsuit about wages. theythe average costco worker makes $17 an hour. and average wage for walmart work is $8.81 an hour. >> cenk: that is an enormous difference. costco is not out of business. they're profitable and per employee, this gives you a
cuts. >> obama: joe biden was in costco. he wanted to buy some of this stuff, but i told him he had too much work to do. i wasn't going to have him building roller coasters all day long. >> cenk: and then i handed him in a pen. >> my favorite reality show on television is joe biden in costco. there was not one sample that he didn't take. >> he's like a kid at costco. >> so it's interesting. that's the first costco that opened up in d.c. and of course, there are a...
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Dec 1, 2012
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that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored with it. why don't they just get round a table and get it done? let me start with you gerri. >> i think the president going to pennsylvania to the tinker toy plant on a campaign stop essentially is probably not going to go over as well as he thinks it does, particularly since we thought we were done with that. we just went through it a few weeks ago. thought campaign stops were over and he inflicts this on us again. the american people expect him to sit down with the republicans in congress and work this out. now, a year ago or so, last year, he agreed to $800 billion in tax hikes. that's kind of where the numbe
that's a scrooge christmas. >> president obama in a factory outside philadelphia today, pushing his financial plan. make no mistake, it's all about your tax bills and if washington can make a deal before you start paying more. with me is democratic strategist marjorie cliften and gerri jacobus. welcome to you both. listening to john boehner today and the president, it's pretty clear there's no deal anywhere near being settled here. i don't know about you, i'm just getting really bored...